BorgWarner Inc. (NYSE:BWA) Receives $43.71 Average Target Price from Analysts

Shares of BorgWarner Inc. (NYSE:BWA) have received an average recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $43.71.

Several analysts have weighed in on the stock. Oppenheimer boosted their target price on shares of BorgWarner from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. TD Cowen boosted their target price on shares of BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Citigroup boosted their target price on shares of BorgWarner from $33.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Robert W. Baird boosted their target price on shares of BorgWarner from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of BorgWarner from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th.

BorgWarner Trading Up 0.8 %

NYSE BWA opened at $32.24 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.55. The firm has a market cap of $7.35 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.78 and a beta of 1.28. The company has a 50 day moving average price of $34.81 and a 200 day moving average price of $33.84. BorgWarner has a 52 week low of $29.51 and a 52 week high of $50.04.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.87 by $0.16. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.51 billion. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. BorgWarner’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 EPS. As a group, sell-side analysts forecast that BorgWarner will post 4.05 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Monday, June 3rd. BorgWarner’s dividend payout ratio is presently 16.67%.

BorgWarner declared that its board has authorized a share buyback program on Thursday, May 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the auto parts company to purchase up to 6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On BorgWarner

Hedge funds have recently modified their holdings of the business. Parkside Investments LLC raised its position in shares of BorgWarner by 28.7% in the fourth quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock valued at $7,058,000 after buying an additional 43,955 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of BorgWarner by 19.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 568,303 shares of the auto parts company’s stock valued at $20,373,000 after buying an additional 91,164 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of BorgWarner by 9.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 699,974 shares of the auto parts company’s stock valued at $25,094,000 after buying an additional 59,925 shares during the last quarter. Kennedy Capital Management LLC acquired a new stake in shares of BorgWarner in the third quarter valued at about $833,000. Finally, Sei Investments Co. raised its position in shares of BorgWarner by 13.2% in the fourth quarter. Sei Investments Co. now owns 1,850,749 shares of the auto parts company’s stock valued at $66,349,000 after buying an additional 216,373 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.